Which of the following is/are not one of the conditions of a capital lease?
a. transfer of ownership to the lessor at the end of the lease term
b. transfer of ownership to the lessee appears likely because of a "bargain" purchase option
c. lease extends for at least 75 percent of the asset's life
d. present value of the minimum contractual lease payments equals or exceeds 90 percent of the fair market value of the asset at the time the lessee signs the lease
e. all of the above
A
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An example of an indirect cost that could be traced directly to individual jobs by examining invoices is:
a. Office rent. b. Telephone and fax charges. c. Depreciation expense on office machines. d. Office supplies.
Correction of a material error occurring in prior periods is reported as
a. an adjustment of earnings of the current period, only. b. a retroactive restatement of prior years earnings, only. c. a retroactive restatement of prior years earnings and an adjustment to the beginning balance of retained earnings for the current period. d. an adjustment of earnings of the current and future periods. e. an adjustment of earnings of the current period, and an adjustment to the ending balance of retained earnings for the current period.
________ are people who boost morale, give support, provide humor, or soothe hurt feelings within a group.
A. Category captains B. Team maintenance specialists C. Solicitors D. Venture capitalists E. Intrapreneurs
Priscilla bought a new CD with her favorite Christmas music on it. She promptly proceeded to copy it for 15 of her best friends, including Brenda, and provided it free of charge. Unknown to Priscilla, Brenda's brother, Chris, was a member of the band. When he found out how Brenda got the disk, he angrily called Priscilla and accused her of copyright infringement. Is he correct that Priscilla is
guilty of copyright infringement? a. It is unlikely that Priscilla is guilty of copyright infringement because of the fair use doctrine. b. It is unlikely that Priscilla is guilty of copyright infringement because of the merger doctrine. c. It is unlikely that Priscilla is guilty of copyright infringement because she did not charge her friends for the copies and did not mass produce the CD. d. It is likely that Priscilla would be found guilty of copyright infringement.